On October 15, the Beijing 2021 Infrastructure REITs Industry Development Conference was successfully held.With the theme of “New Practices and New Ecology of Infrastructure REITs”, the conference was co-sponsored by the Municipal Financial Supervision Bureau, the Municipal Development and Reform Commission, the Beijing Securities Regulatory Bureau, the Shanghai Stock Exchange, and the Shenzhen Stock Exchange. The Dongcheng District Government andCICCCo-hosted.
Yin Yong, member of the Standing Committee of the Beijing Municipal Party Committee and deputy mayor, and Zhou Jinxing, deputy secretary of the Dongcheng District Party Committee and acting district mayor, attended the conference and delivered speeches. Yin Yong said that during the “14th Five-Year Plan” period, Beijing will take the lead in exploring effective ways to build a new development pattern. Infrastructure REITs will play an important role in deepening the reform of investment and financing. In the future, it will focus on the following aspects.The first is to focus on the strategic positioning of the capital city, in-depth exploration of high-quality assets with stable returns and obvious social benefits in key investment areas, and to create a batch of high-quality investment projects that lead the capital’s high-quality development; the second is to further guide long-term capital and investmentQFIIQualified foreign institutional investors such as RQFII and RQFII participate in the strategic placement and investment of Beijing’s infrastructure REITs; the third is to further upgrade and improve the policy system, hoping to undertake REITs-related product structure design, taxation system,Public utilitiesMore pilot projects in terms of fees, property rights confirmation, etc., have become a test field for product innovation in China’s REITs; the fourth is to vigorously cultivate REITs market entities, support the introduction of professional operation management institutions, support financial institutions to obtain public REITs manager qualifications, and continue to improve comprehensive supporting facilities Service policy system. Build asset management clusters featuring REITs in key areas such as Dongcheng District to promote the formation of a good industrial ecosystem.
Zhou Jinxing said that in the future, Dongcheng District will strengthen its advantages, make scientific plans, vigorously support financial innovation, and accelerate the construction of REITs industrial ecosystem. The first is to promote the establishment of the Beijing Infrastructure REITs Research Institute to further explore the development direction and strategic path of the REITs industry in Dongcheng District; the second is to introduce a number of measures to support the development of the REITs industry, and provide special support to the original stakeholders who have successfully issued REITs products. The issuance, asset management, and operating institutions of REITs settled in Dongcheng provide financial support, and provide special services such as talent settlement subsidies and medical security for REITs industry talents; third, will implement the “Three-year Action Plan for the High-Quality Development of the Financial Industry in Dongcheng District”. To build Dongcheng into a highland for the development of REITs industry.
The China Securities Regulatory Commission, the China Banking and Insurance Regulatory Commission, the Shanghai and Shenzhen Stock Exchange, the National Equities Exchange and the relevant departments of Beijing delivered keynote speeches. The original stakeholders, investors and representatives of professional institutions had a lively discussion on the experience and summary of the first batch of pilot projects, as well as the experience and problems of project investment. The conference initiated new practices, created a new ecology, and built a new pattern for the development of Beijing’s infrastructure REITs industry.
(Source: China Securities Network)
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